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Greece Factory Growth Hits 7-month High

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Greece's manufacturing activity registered its strongest growth in seven months as output and new orders continued to rise despite widespread uncertainty in economic conditions, survey data from S&P Global showed on Wednesday.

The manufacturing Purchasing Managers' Index rose slightly to 54.5 in March from 54.4 in the previous month. Any reading above 50.0 indicates expansion.

Both production and new orders continued to increase amid sustained domestic demand. Nonetheless, rates of growth eased amid greater client uncertainty and back-to-back contractions in new export orders.

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